Novagold Resources Inc. (NG, Financial) experienced a significant stock fluctuation with a sharp decline of 5.03%. The stock is currently priced at $3.59 per share, with a trading volume of 324,270 shares and a turnover rate of 0.10% and a volatility of 5.56%.
The latest financial report indicates that Novagold Resources Inc. recorded no operating revenue and a net loss of $10.74 million, resulting in earnings per share of -$0.03 and a gross loss of $6,000. The price-to-earnings ratio stands at -25.64.
In terms of analyst ratings, of the three institutions covering the stock, 33% recommend a buy, while 67% suggest holding. No institutions recommend selling the stock.
Within the gold sector, the overall decline was 3.22%. Certain stocks, such as Clue Electric, Trx Gold Corporation, and Galiano Gold Inc., saw notable gains. Meanwhile, Gold Resource, Austin Gold Corp., and Osisko Development Corp. were actively traded with turnover rates of 15.16%, 2.17%, and 1.32%, respectively. Noteworthy fluctuations were observed in Osisko Development Corp C/Wts 27/05/2027 (To Pur Com), Gold Resource, and Newmont Mining, with volatilities of 44.62%, 20.86%, and 10.97%, respectively.
Novagold Resources Inc. is a mineral exploration and development company holding a 50% interest in the Donlin Gold project, located about 20 kilometers north of Crooked Creek Village on the Kuskokwim River in southwestern Alaska.
